Masan Group
TypePublic
HOSE: MSN
IndustryConglomerate
Founded1996
FounderNguyễn Đăng Quang
HeadquartersMPlaza Saigon 39 Le Duan, Ben Nghe,
District 1, Ho Chi Minh City
,
Vietnam
Key people
Nguyễn Đăng Quang (Chairman)
RevenueIncrease 43.298 trillion VND (2016)[1]
Fall 2.791 trillion VND (2016)[1]
Total assetsIncrease 73.039 trillion VND (2017)[1]
WebsiteMasan Consumer

Masan Group Corporation, (Vietnamese: Công ty cổ phần Hàng tiêu dùng Masan), is among the top three largest private sector companies in Vietnam in terms of market capitalization.[2] The group was founded and is headquartered in Ho Chi Minh city. Its subsidiaries include Masan Consumer Holdings (consumer staples), Techcombank (financial services) and Masan Resources (mining). The group launched on the Ho Chi Minh Stock Exchange on 5 November 2009.

Masan Group was among the first domestic Vietnamese corporations to adopt a growth strategy that taps foreign sources of capital for acquisition-driven expansion. In April 2011, the group's subsidiary Masan Consumer Corp. became the recipient of Vietnam's largest private-equity investment when KKR paid US$159 million for a 10% stake in the company.[3] This investment was viewed as a validation of Vietnam's M&A potential.[4]

The company was founded by its chairman, Nguyen Dang Quang, who following a doubling of the share price in the six months to January 2018, had a net worth of US$1.2 billion.[5]

In December 2019, Masan Group acquired a controlling stake in VinGroup's retail division VinCommerce, which operates under the VinMart brand.[6]

References

  1. 1 2 3 Consolidated Financial Statements (PDF), Vingroup Joint Stock Company Consolidated Financial Statement, 31 December 2017
  2. ↑ "HOSE constituents by market cap". Stoxplus. Archived from the original on 2 September 2014. Retrieved 3 February 2012.
  3. ↑ "KKR Buys Masan Stake in Biggest Vietnam Private Equity Deal". Bloomberg News. 13 April 2011. Retrieved 3 February 2012.
  4. ↑ "Riding Asia's Next M&A Wave: Challenges for Legal Practitioners Operating in Vietnam". Asian Legal Business. Archived from the original on 2012-03-21. Retrieved 2012-02-03.
  5. ↑ "Fish Sauce Helps Vietnam Mint Its Newest Billionaire". 18 January 2018. Retrieved 12 February 2018 – via www.bloomberg.com.
  6. ↑ "VinCommerce and VinEco of Vingroup will be merged with Masan Consumer". 3 December 2019.
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